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Original Caption: Set the Tone for 2021, China’s Economy Is Doing This: Interpretation of the Central Economic Work Conference Task Deployment
Source: Website of the Central Commission for Disciplinary Inspection and the State Supervision Commission
2021 is a year of special importance in China’s modernization process. How to ensure a good start to the “XIV Five-Year Plan”? Where is the focus of economic work next year?
The Central Economic Work Conference held in Beijing from December 16 to 18 summarized the economic work of this year, analyzed the current economic situation and unfolded the economic work in 2021, sending a clear and distinct signal of China’s economic development.
Deepen your understanding of the law to ensure a fresh start.
This year is an extraordinary year in the history of New China. Faced with the serious and complex situation and the arduous and onerous tasks, especially the severe impact of the new corona pneumonia epidemic, China has delivered a satisfactory response for the people, recognized worldwide and that can be recorded in history, becoming the only major economy in the world to achieve positive economic growth.
Achievements are hard to come by and experience is precious.
The meeting clearly set out the five rules of economic work under severe challenges: the authority of the Party Central Committee is the fundamental support for the whole party and people of all ethnic groups to face difficulties in times of crisis; the supremacy of the people is the fundamental requirement to make correct decisions; The advantages of the system are They constitute the fundamental guarantee of the force to overcome the majestic difficulties; Scientific decision-making and creative response are the fundamental methods for turning crises into opportunities; Scientific and technological self-sufficiency is the fundamental support for the integral development of development.
The world economic situation next year will continue to be complex and serious, the recovery will be unstable and uneven, and the various risks derived from the impact of the epidemic cannot be ignored. To do a good job in next year’s economic work, we need to deeply understand these five regularities, manage our own affairs well, and strengthen our confidence in development.
Regarding the macroeconomic policy orientation, compared to the past, this conference has added a new “sustainability” on the basis of maintaining continuity and stability.
“Sustainability shows that the central government is not only paying attention to short-term economic fluctuations and counter-cyclical adjustments, but is also improving cross-cyclical design and macro-control adjustment, combining short-term control with development to long-term and achieving stable growth and long-term risk prevention. Balanced, “said Wang Jun, member of the Academic Committee of the China International Economic Exchange Center.
At the meeting, the policy operation “do not turn quickly” and other expressions attracted attention. Wang Jun analyzed that while China’s economy is recovering stably, there are still some fields and industries that have not fully recovered to normal. Therefore, some macro policies introduced early in response to the epidemic should not be rushed. We must understand the timeliness and effectiveness of policies and maintain the necessary support for economic recovery.
In terms of fiscal policy, the meeting proposed that a proactive fiscal policy should improve quality and efficiency and be more sustainable.
Dong Yu, executive vice president of the China Development Planning Institute at Tsinghua University, analyzed that the current pressure of tax revenues and expenditures in some localities is increasing and fiscal policies should be combined with the “six stability” and the “six guarantee”. On the one hand, the government must spend money, especially to protect the country’s main strategic tasks; on the other hand, the province is an important province, and the party and government agencies must insist on leading a strict life to solve the hidden debt risks of local governments.
Regarding monetary policy, the meeting proposed that a prudent monetary policy be flexible, precise, reasonable and adequate.
Wang Jun said that on the basis of flexibility and restraint, the meeting also emphasized precision and rationality, and proposed to maintain the basic stability of the macro leverage index. “In the context of a periodic increase in the macroeconomic leverage ratio in response to the impact of this year’s epidemic, the relationship between economic recovery and risk prevention will be managed next year.”
Focus on general development and get new benefits
The meeting called for “the first step to build a new development pattern next year and see the new atmosphere.” Building a new development pattern is a strategic option to keep up with the times and improve China’s level of economic development, and is related to the overall development of the country.
The meeting focused on the general situation and made careful arrangements for key areas, key tasks, and important tasks. It not only reflected convergence with the key tasks of the XIV Five Year Plan, but also highlighted the livelihood issues that concern the masses and the important tasks facing national development.
Strengthening the national strategic scientific and technological force is the top priority for the key tasks of the coming year.
Dong Yu believes that the key is to deepen the reform of the scientific and technological system, optimize the allocation of scientific and technological resources, and innovate scientific and technological research models, and strengthen the joint innovation of the national team, leading enterprises, and small and medium-sized enterprises.
To build a new development pattern, the security and stability of the industrial chain and supply chain are the foundation. The meeting pointed out that to enhance the ability to independently control the supply chain of the industrial chain. According to the experts’ analysis, we should not only focus on solving the “stuck neck” problem as soon as possible, but also intensively cultivate in the advantageous areas of the industry, play the leading role of advantageous industries, and produce positive effects make them general.
The construction of a new pattern of development and the formation of a strong domestic market is an important support. The meeting made it clear that the strategic base of adhering to the expansion of domestic demand and the need to combine the expansion of consumption with the improvement of people’s quality of life was emphasized.
“This reflects the organic unity of expanding consumption and improving people’s livelihoods, focusing on solving difficulties and obstacles to improve people’s quality of life and promoting the improvement of the consumption structure with the improvement of the people’s quality of life, “said Dong Yu.
The meeting also pointed out that effective institutional arrangements must be made to rationally guide consumption, saving and investment. Wang Jun analyzed that this shows that the central government focuses on systemic issues to strengthen management on the demand side. Rather than simply stimulating consumption and leading consumption, it starts with deep-seated contradictions such as income distribution and social security, and uses reforms to clear up hard and hard points.
To build a new pattern of development, we must promote the mutual promotion of reform and openness. Dong Yu pointed out that the “XIV Five-Year Plan” will focus more on overcoming the key points and difficulties of the reforms and promoting the implementation of the main reform tasks.
Stick to problem orientation and make new breakthroughs.
Adhering to the problem orientation and grasping the key points have become a prominent feature of this meeting.
On the theme of food security, the meeting focused on seeds and arable land, and proposed long-term strategic measures, such as carrying out “neck-stuck” technological investigations on seed sources and building a national industrial belt. food safety.
“Seeds are the” chips “of agriculture.” Sun Haoqin, deputy director of the Department of Seed Management at the Ministry of Agriculture and Rural Affairs, said that the level of independent innovation in China’s seed industry still lags far behind that of developed countries, especially the lack of core technological innovation. . It is urgent to increase the core of improvement. Technological innovation.
“Strengthening antitrust and preventing the disorderly expansion of capital,” the meeting noted that antitrust and unfair competition are the internal requirements to improve the socialist market economy system and promote high-quality development, and emphasized that “development it must be regulated in accordance with the law. “
In recent years, some platform companies have developed rapidly, but they have also shown signs of disorderly expansion, leading to a ‘winner takes all’ situation to some extent. To avoid suppressing the innovative vitality of SMEs, we must oppose monopoly and unfair competition. Wang Jun said.
The meeting aimed to solve the problem of housing in large cities. While emphasizing the need to adhere to the positioning of houses for living and not for speculation, the meeting focused on promoting the construction of affordable rental housing and proposed measures such as “accelerating the improvement of long-term rental housing policies. term”.
Liu Hongyu, director of the Tsinghua University Real Estate Research Institute, believes that affordable rental housing with a diversified land supply, diversified financing channels, and diversified supply entities can provide people with richer housing options. and flexible. To understand the two keywords “security” and “lease,” security should focus on basic housing security for low-income families with housing difficulties, newly hired college students, new citizens, and other groups, while the leasing emphasizes the unique attributes of meeting housing needs. .
In terms of doing a good job on peak carbon and carbon neutrality, the meeting arranged from the fundamental source to clearly accelerate the adjustment and optimization of the industrial structure and energy structure, vigorously develop new energy sources and continue fighting against pollution prevention and control.
Wang Xiaoguang, deputy director of the Department of Economics of the Central Party School (National School of Administration), said: “The meeting addressed the outstanding issues in the current economic operation and presented a series of key measures for major reforms and development, which will affect to the whole body. In the first year of the “XIV Five-Year Plan,” China has made further progress in development and created new prospects for development. ” (Reporters Zhao Chao, Chen Weiwei, An Bei, Yu Jiaxin, Yu Wenjing, Wang Youling)
